Canterbury Park

Canterbury Park

August 24, 2006 08:00 ET

Canterbury Park Launches First Buyout Private Equity Fund

WINNIPEG, MANITOBA--(CCNMatthews - Aug. 24, 2006) - Martin Weinberg, President of Canterbury Park Capital announced today that to date the company has raised approximately $150 million for its private equity fund, Canterbury Park Capital L.P. Over the coming weeks, the fund's management team expects to secure additional investment commitments with an anticipated final closing to take place later this fall.

"The successful launch of our first private equity fund is an important step in delivering a broad range of asset management solutions for high net worth families and other investors", said Weinberg. "We have assembled an experienced team with a track record of identifying investment opportunities, enhancing business operations and delivering exceptional value to private companies in the capital markets."

In accordance with its strategy of developing a diversified network of strategic and long-term partners, Canterbury Park has primarily attracted investments from several well established Family Offices and strategic financial institutions. In addition, the fund has received significant local support with provincial government support of $10 million through the Manitoba Development Corporation.

"Our investment in Canterbury Park Capital L.P. reflects our ongoing support for entrepreneurial ventures and investment capital in our province," said Manitoba Industry, Economic Development and Mines Minister Jim Rondeau. "We are particularly pleased to work with a group of business leaders that have demonstrated their ability to build businesses in Manitoba and across the country."

Canterbury Park Capital was founded by Martin Weinberg, Gregory Milavsky, Leonard Asper, David Asper and Bob Silver. Canterbury Park Capital L.P. is a private equity fund targeting buyout and expansion investment opportunities in small to mid market companies. The fund provides equity capital together with strategic resources to support and enhance the growth prospects of private companies through its active ownership philosophy.

Contact Information

  • Canterbury Park Capital
    Martin Weinberg
    President and Senior Managing Director
    (204) 954-5160